Financial Counselors Inc. Has $55.32 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Financial Counselors Inc. lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 368,966 shares of the company's stock after purchasing an additional 16,104 shares during the quarter. Financial Counselors Inc.'s holdings in PepsiCo were worth $55,323,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Callan Capital LLC boosted its stake in PepsiCo by 3.1% during the first quarter. Callan Capital LLC now owns 5,506 shares of the company's stock valued at $826,000 after buying an additional 167 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of PepsiCo by 2.5% in the 1st quarter. TD Private Client Wealth LLC now owns 26,848 shares of the company's stock valued at $4,026,000 after purchasing an additional 650 shares during the period. OLD Republic International Corp boosted its position in shares of PepsiCo by 0.8% in the 1st quarter. OLD Republic International Corp now owns 389,800 shares of the company's stock valued at $58,447,000 after purchasing an additional 3,000 shares during the period. Capital Advisors Inc. OK boosted its position in shares of PepsiCo by 4.3% in the 1st quarter. Capital Advisors Inc. OK now owns 1,836,925 shares of the company's stock valued at $275,428,000 after purchasing an additional 75,933 shares during the period. Finally, Hexagon Capital Partners LLC boosted its position in shares of PepsiCo by 6.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 4,612 shares of the company's stock valued at $691,000 after purchasing an additional 288 shares during the period. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Morgan Stanley decreased their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. Barclays decreased their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, PepsiCo presently has an average rating of "Hold" and an average price target of $159.75.

PepsiCo Stock Up 0.4%

NASDAQ:PEP traded up $0.59 on Tuesday, hitting $135.04. 7,714,987 shares of the company's stock were exchanged, compared to its average volume of 7,072,592. The firm has a 50-day moving average price of $131.42 and a 200-day moving average price of $141.98. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $180.91. The company has a market cap of $185.15 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 4.21 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The business's revenue was down 1.8% on a year-over-year basis. As a group, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is presently 83.68%.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.